[Charles Martel]

It looks like the problem is that he built a house worth considerably more than $350,000.00 on the waterfront, therefore he could not insure it for the full value under the subsidized federal flood insurance program.

Trent should've done his homework when he built that house. Private companies such as AIG, Chubb and Lloyds do indeed offer "extra" flood insurance which covers the value of more costly homes above the NFIP cap. Sure, that coverage isn't cheap, but Trent's a high-roller. He has no excuse for leaving himself vulnerable to that loss.

[Lil Flower]

Just as a side note, I don't think Trent Lott built that home. I think it might have been a family home passed down to him, but I may be wrong about that.